Client Accounting Services Are Changing Where You Focus Your Time

SJ Gorowitz CAS Technology

By Stacey Gorowitz, CPA, MBA If you own a small business, you’ve no doubt been astounded at the changes you’ve seen to the technological and economic landscape over the past decade. There are so many more choices and options in this post-internet, digital world that it can make your head spin! Adjusting may be hard, but the possibilities are fantastic news for business owners. One such change is referred to as Client Accounting Services (CAS). This paradigm offers the benefits of the three mega-trends of digitalization, virtualization and transformation, and it can help all small businesses see bigger profits. By using new technology, your financial professionals can access your accounting records virtually, of course, but they can also interact in real time with you. They now have easy online access to banking records, payroll – anything needed to complete your financial processes and accounting. This means nearly all information can now be transmitted and downloaded – … [Read more...]

Should you outsource your accounting?

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By Stacey Gorowitz, CPA, MBA Has your business needs outgrown the capabilities of your bookkeeper? Do you spend more time that you’d like supervising her? Were you surprised (and unprepared) by unexpected CPA fees and expensive surprises at tax time because your books weren’t in the shape you thought they were? When you are running a business, it’s often tempting to keep a tight rein on your operations by keeping services like accounting in-house. After all, you’re one smart cookie and should be able to handle a few simple debits and credits, right? Not so fast. What often gets owners and managers in hot water at tax time is that, unfortunately, business accounting isn’t always straightforward and very rarely is it simple. For many, outsourcing their internal accounting can be a great way to keep their books balanced and in order while allowing them to focus on providing the best products and services to their clients. Call it leading with your strengths, sticking to your … [Read more...]

QuickBooks 2013: Just Another Upgrade or a Must Have?

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By Candace Spencer, CPA & Certified QuickBooks ProAdvisor QuickBooks is by far the most widely used accounting software for small businesses and individuals. Each year Intuit releases a new QuickBooks’ edition with additional improvements, enhancements and let's not forget…some really cool features. This article will provide you with the tools to decide whether it’s time to upgrade your QuickBooks. It will also highlight the major improvements as well as the new features in QuickBooks 2013. As of May 31, 2013, QuickBooks 2010 is scheduled to be “sunsetted.” This is Intuit’s fancy way of saying that as a new version is released, they will no longer support or provide technical assistance for a particular version that is several years older. Also, certain features in the older, sunsetted versions will no longer function. These include bill pay, online banking, accountant’s copy file transfer, payroll services, credit card processing and emailing of customer invoices through … [Read more...]

It May Be Time to Upgrade Your Quickbooks

QuickBooks is the most widely used accounting program for small businesses and individuals. Annual updates keep the program current, adding new functions and increased record-keeping modalities. As they release new versions each year, Intuit also discontinues supporting older versions of QuickBooks. As of May 31, 2012, Intuit no longer supports QuickBooks 2009 for payroll, credit card processing, electronic bill pay or emailing customer invoices. If you use any of these services, you will need to upgrade. You might also want to consider updating to QuickBooks 2012 now if you’re using QuickBooks 2010, as it is scheduled to be discontinued on May 31, 2013. By switching over to the new version, you’ll be able to access new capabilities that make your accounting and bookkeeping processes easier. Some of the new and improved features of QuickBooks 2012 include: Attach Documents/Document Center: This new feature encourages a paperless environment. It allows you to scan and attach … [Read more...]